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Ethanol stock jumps 5% after receiving order for supplying ethanol to BPCL, HPCL and IOCL
Ethanol stock engaged in manufacturing and supplying ethanol, fructose, sorbitol, and various other industrial chemicals jumped 5 percent in the day’s trade upon receiving a work order from OMC’s to supply ethanol worth Rs. 42.40 Crores. Price Action With a market capitalization of Rs. 1,471 Crores, the shares of Gulshan Polyols Limited were trading at [...]
Navratna stock jumps 6% after signing MoU with SJVN and GMR Energy for 900 MW Nepal hydro project
The shares of this large-cap company surged around 6 percent in Tuesday’s trading session after signing initial pacts with SJVN and GMR Energy for the development and implementation of the 900 MW Upper Karnali hydroelectric project in Nepal. Price Movement: With a market capitalization of Rs. 62,410 crores, the shares of Indian Renewable Energy Development [...]
Stock jumps 18% after its JV with Tata group receives order worth ₹ 176 Cr for World Expo 2025
Microcap stock engaged in providing event experiences, event services, and technology-based specialized turnkey event assignments, jumped 18 percent in the day’s trade upon receiving a work order from the Indian Government worth Rs. 176 Crores. Price Action With a market capitalization of Rs. 332 Crores, the shares of E Factor Experiences Limited were trading at [...]
PSU stock jumps 7% after receiving order worth ₹ 300 Cr from Bihar Govt for solar street light
The shares of this midcap company surged by around 7 percent in Tuesday’s trading session after receiving an order worth Rs. 300 crores for Solar Street Light Systems from Bihar State Government. In one year, the stock has delivered around 100 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 28,831 [...]
Infra stock jumps 5% after receiving order worth ₹ 781 Cr for highway project in Gujarat
During Tuesday’s trading session, the shares of a road infrastructure company surged 5.5 percent to Rs. 1,542 on BSE, after the company secured an order worth Rs. 781.11 crores from the Ministry of Road Transport & Highways (MoRTH) to upgrade NH47 in Gujarat. With a market capitalisation of Rs. 9,971.5 crores, at 11:27 a.m., the [...]
Ashish Kacholia stock jumps 6% after entering into agreement with HDFC ERGO General Insurance
The shares of this smallcap compnay jumped around 6 percent in Tuesday’s trading session after entering into agreement with HDFC ERGO General Insurance Company. On a YTD basis, the stock has delivered around a 70 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 4,523 crores, the shares of Zaggle Prepaid [...]
Monopoly stock jumps 12% after Govt to build 14 new nuclear power reactors
The shares of the leading mechanical seal manufacturer gained up to 12 percent after the announcement that India is building 700 MW nuclear power reactors. With a market capitalization of Rs 592.68 crore, the shares of Sealmatic India Ltd were trading at Rs 654.90 per share, increasing around 8 percent as compared to the previous [...]
Realty stock jumps 7% after receiving orders worth ₹ 1,307 Cr from Signature Global
The shares of this smallcap company surged by around 7 percent in Tuesday’s trading session after receiving an order worth Rs. 1,307 crores from Signature Global. On a YTD basis, the stock has delivered around a 60 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 8,374 crores, the shares of [...]
Cable stock to buy now for an upside of 50%; Do you own it?
Shares of a leading consumer electrical company in India with a strong presence in Fast Moving Electrical Goods (FMEG) surged by 2 percent on BSE to Rs. 1,559.85 during the trading session of Tuesday. With a market capitalisation of Rs. 17,610.3 crores, at 10:08 a.m., the shares of R R Kabel Limited were trading in [...]
FMCG stocks to benefit from Govt’s GST rate cut on namkeen products to 12%
India's food industry, worth $400 billion, is among the world's largest, contributing over 10% to the country's GDP. It employs about 60 million people and includes agriculture, manufacturing, and retail. With a projected 12% CAGR growth, the sector is fueled by increasing demand and innovation. In 54th GST Council Meeting on Monday, Finance Minister Nirmala [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
Rupee rises for 5th day, inches up 3 paise to 73.90 against US dollar
Mumbai, Jan 13 (PTI) Strengthening for the fifth straight session, the rupee climbed 3 paise to close at 73.90 against the US dollar on Thursday, tracking a weak greenback overseas. Weak macroeconomic data and elevated crude oil prices restricted the upward bias for the local unit, forex traders said. At the interbank forex market, the [...]
AGS Transact Tech IPO to open on Jan 19; cuts issue size to Rs 680-cr
New Delhi, Jan 13 (PTI) Payment solutions provider AGS Transact Technologies, which will launch its initial share-sale on January 19, has cut the size of its public issue to Rs 680 crore from Rs 800 crore planned earlier. The three-day initial public offering (IPO) will conclude on January 21, according to the red herring prospectus [...]
LIC IPO to hit markets by March; draft papers to be filed with Sebi by this month-end
The government will launch the mega public offer of LIC by March and file draft papers with market regulator Sebi by the end of this month, an official said.LIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for the current financial year ended March 2022. since the LIC Act has no provision [...]
MUMBAI, JAN 13 (PTI)
MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 61729.00 61753.00 STANDARD GOLD (99.5) : 47887.00 47839.00 PURE GOLD (99.9) : 48080.00 48031.00 -------------------------- PTI MUM SVC SVC SVC
TCS shares jump 1 pc after Q3 earnings
New Delhi, Jan 13 (PTI) Shares of Tata Consultancy Services (TCS) on Thursday gained 1 per cent after the firm reported a 12.2 per cent jump in the December quarter net profit supported by a decent revenue growth.The stock jumped 1.05 per cent to settle at Rs 3,897.65 on BSE. During the day, it gained [...]
GTPL Hathway’s Consolidated 9M FY22 Revenue at INR 18,288 million, up by 5% YoY
- 9M FY22 Broadband Revenue at INR 2,978 million, up by 51% YoY; added 1,30,000 Net Subscribers - 9M FY22 PAT at INR 1,454 million, up by 11% YoY AHMEDABAD, India, Jan. 13, 2022 /PRNewswire/ -- GTPL Hathway Limited (GTPL), India's leading Digital Cable TV and Broadband Service provider, today announced the financial results for [...]
Pak central bank panel recommends complete ban on cryptocurrency, related activities
Islamabad, Jan 13 (PTI) A panel of Pakistan's central bank has recommended a complete ban on cryptocurrency and other related activities in the country, according to a media report on Thursday, days after a top court ordered a probe into a USD 100-million digital currency fraud. After the scam became public, the Sindh High Court [...]
Sanofi India MD Rajaram Narayanan resigns
New Delhi, Jan 13 (PTI) Drug firm Sanofi India on Thursday said its Managing Director Rajaram Narayanan has put in his papers. The company's board has accepted the resignation of Narayanan, effective from the close of business hours on April 10, 2022, Sanofi India said in a statement. Narayanan has decided to pursue an opportunity [...]
Sonalika Records Overall Tractor Sales of 1,05,250; Crosses 1 Lakh Sales Mark in Just 9 Months of FY’22
New Delhi, Delhi, India (NewsVoir) India’s top tractor exports brand and country’s leading tractor manufacturer, Sonalika Tractors has always caught hold of the real market pulse and capitalised on hidden market opportunities to ensure the committed plans. Carrying forward the strong momentum built throughout FY’21, Sonalika Tractors has breached past 1 lakh tractor sales mark [...]
Flipkart Group acquires electronics re-commerce company Yaantra
New Delhi, Jan 13 (PTI) Flipkart Group on Thursday announced the acquisition of Yaantra, an electronics re-commerce company, for an undisclosed amount as part of efforts to strengthen its re-commerce business and enhance after-sale offerings for its customers in the smartphones segment. The acquisition has been effected through FK Group Entity, F1 Info Solutions and [...]
Increasing Demand for Skilled Talent – Multiple upGrad Learners Achieve INR 1 Cr Plus Packages
Despite a high base upGrad learners bagged 50-100% jump to cross the Crore salary threshold, as skilled talent witnesses highest peak Mumbai, Maharashtra, India – Business Wire India Asia’s Higher EdTech leader upGrad records INR 1 Crore+ CTC, with the highest being INR 1.23 Crore for in-demand courses like Machine Learning, AI, and Data Science. [...]
Markets maintain momentum for fifth day as investors digest Q3 results, macro data
Mumbai, Jan 13 (PTI) Equity indices ticked higher for the fifth session on the trot on Thursday as largely positive Q3 results from IT majors enthused investors, though lacklustre macroeconomic data capped the gains. After a choppy session, the 30-share BSE Sensex ended 85.26 points or 0.14 per cent higher at 61,235.30. Similarly, the NSE [...]
Sahyadri Hospitals crosses milestone of 250 liver transplants
• Organ donation and transplant program gaining momentum in Pune with increased awareness and confidence amongst people – Dr. Bipin Vibhute PUNE, India, Jan. 13, 2022 /PRNewswire/ -- With increased awareness and confidence amongst common people, increasing success rate resulting in new lease of life to many, the organ donation and transplant program in Pune [...]
GE Renewable bags order from Continuum Trinethra
New Delhi, Jan 13 (PTI) GE Renewable Energy has bagged an order from Continuum Trinethra Renewables to supply, install and commission 37 units of its onshore wind turbines for 99.9 MW Rajkot wind farm in Gujarat. The Rajkot wind farm, which is being managed by Continuum, will provide local businesses and consumers with accessible, affordable, [...]
South African economy likely to revert to pre-pandemic levels in 2022: World Bank report
Johannesburg, Jan 13 (PTI) South Africa’s economy is likely to grow by 2.1 per cent in 2022, reverting to where it was before the COVID-19 pandemic began in 2020, the World Bank has forecast, but warned that constraints on long-term growth, large-scale unemployment and inequalities still persisted. “Growth in South Africa is forecast to revert [...]
Reinventing NFT experience – Artemis Launched the World’s First Decentralized Mobile-focused NFT Social & Trading Platform
HONG KONG, Jan. 13, 2022 /PRNewswire/ -- We are proud to announce the launch of Artemis, the world's first decentralized mobile-focused NFT social & trading platform starting on Solana. Artemis will first launch with a desktop and mobile web version, offering 0% transaction fees trading until the end of February, followed by the release of [...]
Apex Medical Rebrands to Wellell, redefining core values
NEW TAIPEI CITY, Taiwan, Jan. 13, 2022 /PRNewswire/ -- Apex Medical has placed utmost importance on the value of human life, while providing agile services and high-quality medical devices since 1990. The rebranding in 2022 affirms the determination to establish a global foothold and further evolve the corporate organization, and to set even more ambitious [...]
Tata Motors global wholesales rise 2% in Q3
New Delhi, Jan 13 (PTI) Tata Motors on Thursday reported a 2 per cent year-on-year increase at 2,85,445 units in group global wholesales, Jaguar Land Rover, for the third quarter of FY22. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q3 FY22 were at 1,02,772 units, higher by 14 per [...]
OILSEEDS PRICES
MUMBAI, JAN 13 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 736.00 COPPER HEAVY SCRAPS 725.00 COPPER ARMATURE (CREDIT) 705.00 COPPER UTENSILS SCRAP 635.00 CC ROD 784.00 BRASS :- BRASS SHEET CUTTING 537.00 BRASS UTENSIL SCRAP 485.00 BRASS HONEY 479.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 185.00 ALUMINIUM EXTRUSION SCRAP 208.00 ALUMINIUM INGOTS [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, JAN 13 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 736.00 COPPER HEAVY SCRAPS 725.00 COPPER ARMATURE (CREDIT) 705.00 COPPER UTENSILS SCRAP 635.00 CC ROD 784.00 BRASS :- BRASS SHEET CUTTING 537.00 BRASS UTENSIL SCRAP 485.00 BRASS HONEY 479.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 185.00 ALUMINIUM EXTRUSION SCRAP 208.00 ALUMINIUM INGOTS [...]
HarperCollins Publishers India announces the release of The Happiness Trail by Ramesh Venkateswaran
- An Insightful, philosophical, energetic, easy-to-read book, supported with back-of-the-book exercises to apply the theories discussed - The book has a glowing foreword from Nandan Nilekani, non-executive chairman, Infosys. NEW DELHI, Jan. 13, 2022 /PRNewswire/ -- Author, Ramesh Venkateswaran on publication of his book quoted, "We live in a world that constantly equates with happiness [...]
Budget unlikely to allocate any fund for bank recapitalisation: Report
Mumbai, Jan 13 (PTI) The upcoming budget is unlikely to make any provision for recapitalisation of state-owned lenders, as over Rs 3.36 lakh crore has been spent on the banks in the last six years, a domestic rating agency said on Thursday.The banks will raise capital through internal accruals and fundraising from the market, Icra [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, JAN 13 (PTI) OILS (per 10 Kgs) G.Nut Raw 1340.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1180.00 Sunflower Exp.Ref. 1240.00 Cottonseed(Refined) 1235.00 Refined Palm Oil 1165.00 Soyabean Ref. 1205.00 Imp.Soyabean Crude - Rapeseed Ref. 1610.00 Rapeseed Exp. 1580.00 Copra white 1610.00 Rice Bran 4-7% FFA - Rice Bran 1110.00 Linseed 1950.00 Castor [...]
Price buoyancy of base metals expected to continue in 2022: Report
New Delhi, Jan 13 (PTI) The price buoyancy of base metals is likely to continue in the calendar year 2022, as low visible inventories and demand-supply gap may insulate against any sharp rate corrections, according to a report. However, downside price risks, including that from the sudden spread of the Omicron variant of coronavirus, cannot [...]
AR in Education: Augment Your Learning with Fun and Technology
The pandemic changed the world in more ways than one. Scores of industries overhauled their operational techniques and underwent digitization practically overnight. Companies that required personnel to come to the office to work scrambled to provide remote and hybrid working setups to their employees. One such sector that suffered a lot of loss due to [...]
Scaler announces 12 days of period leave for women, transgender employees
Mumbai, Jan 13 (PTI) Edtech start-up Scaler (by InterviewBit) on Thursday announced 12 days of period leave for all employees who menstruate, in addition to the regularly allotted annual leaves. Starting from January 1, 2022, women and transgender employees across all levels will be eligible to avail period leave as one day or two half-days [...]
The friends from Campus Diaries that make your college life worth remembering
A coming of age story that has taken the nation by storm, MX Original Series Campus Diaries is the newest youth drama series that is a welcome addition to audience favourites like Kota Factory, Mismatched, Flames, Panchayat and Engineering Girls amongst others. The days spent on campus, in the classrooms hold a sense of nostalgia [...]
Merck Foundation Announced 67 Winners of Merck Foundation Mask up with Care Media Awards 2021 to Raise Awareness About Coronavirus
Merck Foundation CEO and African First Ladies congratulate the winners of Merck Foundation “Mask up with Care” Media Recognition Awards 2021, to raise awareness about Coronavirus in Africa. Mumbai,Maharashtra, India&Accra, Ghana – Business Wire India Merck Foundation, the philanthropic arm of Merck KGaA Germany in partnership with African First Ladies announced the winners of Merck [...]
ColorJet’s Make in India Digital Textile Printers – Admired and inaugurated by Smt. Darshana Jardosh, Union State Minister of Textiles, at SITEX 2022
SURAT, India, Jan. 13, 2022 /PRNewswire/ -- ColorJet, India's largest manufacturer of Digital Textile Printers, participated in the Surat International Textile Expo 2022 (SITEX), organized by SGCCI (The Southern Gujarat Chamber of Commerce & Industry). Smt. Darshana Jardosh, Hon'ble Union State Minister of Textiles & Railways inaugurated the prestigious Textile Expo – SITEX 2022 (one [...]
Hero Electric partners with Shriram City Union for finance solutions
New Delhi, Jan 13 (PTI) Hero Electric on Thursday said it has tied up with Shriram City Union Finance to facilitate loan schemes for its electric two-wheeler buyers. The collaboration aims to make the e-scooters more affordable and attract cost-conscious buyers with attractive financing solutions, Hero Electric said in a statement. The partnership will enable [...]
Health-tech firm HCAH raises Rs 112 cr from Singapore-based ABC World Asia
New Delhi, Jan 13 (PTI) Health-tech firm HCAH (formerly HealthCare at HOME) on Thursday said it has raised Rs 112 crore from Singapore-based private equity fund ABC World Asia. The funds will be used to build an out-of-hospital healthcare delivery platform, including building presence in physical rehabilitation and recovery through its service range of home [...]
MSI Unveils New Gaming and Creator Laptop Lineup at CES 2022
- The award-winning laptops powered by 12th Gen Intel® Core™ H series processor and up to GeForce RTX 3080 Ti at the "Gameverse" virtual event - The new range of laptops will be available in the Indian market soon NEW DELHI, Jan. 13, 2022 /PRNewswire/ -- MSI, the innovative computing manufacturer in gaming, creator, and [...]
Preliminary data shows Vaxzevria given as third dose ups antibody response to Omicron: AstraZeneca
New Delhi, Jan 13 (PTI) Biopharmaceutical multinational AstraZeneca on Thursday said the preliminary analysis of an ongoing safety and immunogenicity trial has indicated that Vaxzevria, when given as a third dose booster, increased antibody response to the Omicron variant. The study also noted that the booster dosage of the company's COVID-19 vaccine Vaxzevria also increased [...]
YantraLive raises $1 million from GrowthStory, others
New Delhi, Jan 13 (PTI) YantraLive, a B2B platform for heavy equipment and parts, on Thursday said it has raised USD 1 million (over Rs 7 crore) in a seed round from GrowthStory and other angel investors, including Bigbasket co-founder Vipul Parekh.The start-up, which started in 2018, is backed by serial entrepreneurs Ravi Anand Rao [...]
India, UK formally launch FTA negotiations
New Delhi, Jan 13 (PTI) India and the UK on Thursday formally launched negotiations for the proposed free trade agreement (FTA), which is expected to help double bilateral trade by 2030 and boost economic ties between the two countries.It was launched by Commerce and Industry Minister Piyush Goyal and UK Secretary of State for International [...]
Sensex rises pts 85; Nifty ends above 18,250
Mumbai, Jan 13 (PTI) Equity benchmark Sensex rose 85 points on Thursday, tracking gains in index majors Infosys, Tata Steel and L&T amid a largely negative trend in global markets. After a choppy session, the 30-share index ended 85.26 points or 0.14 per cent higher at 61,235.30. Similarly, the NSE Nifty advanced 45.45 points or [...]
Torus Kling Blockchain IFSC along with India INX plans to launch crypto futures ETF
New Delhi, Jan 13 (PTI) Torus Kling Blockchain IFSC on Thursday said it has collaborated with BSE's international arm India INX to launch the country's first crypto futures ETF in the GIFT City. It plans to launch the product by the end of this fiscal, subject to International Financial Services Centres Authority (IFSCA) and other [...]
Sensex rises pts 85; Nifty ends above 18,250
Mumbai, Jan 13 (PTI) Equity benchmark Sensex rose 85 points on Thursday, tracking gains in index majors Infosys, Tata Steel and L&T amid a largely negative trend in global markets. After a choppy session, the 30-share index ended 85.26 points or 0.14 per cent higher at 61,235.30. Similarly, the NSE Nifty advanced 45.45 points or [...]
Rupee inches higher by 3 paise to close at 73.90 against US dollar
Mumbai, Jan 13 (PTI) The rupee inched higher by 3 paise to close at 73.90 (provisional) against the US dollar on Thursday, as muted domestic equities and weak macroeconomic data weighed on investor sentiments. Forex traders said elevated crude oil prices also affected the local unit. At the interbank forex market, the rupee opened at [...]
KOLKATA BULLION CLOSING
Kolkata,Jan.13(PTI): SILVER RDY.(BAR) : Rs.61,950.00(61,100.00) Per Kg.SILVER RDY.(PORTION) : Rs.62,050.00(61,200.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,650.00(48,550.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,150.00(46,050.00) Per 10 Gms.HALLMARKED GOLD(22-CARAT) RDY. : Rs.46,850.00(46,750.00) Per 10 Gms. ---- PTI SAM
Turnip raises USD 12.5 mn in funding round led by Greenoaks, Elevation Capital
New Delhi, Jan 13 (PTI) Mobile gaming start-up Turnip on Thursday said it has raised USD 12.5 million in a Series-A funding round co-led by Greenoaks and Elevation Capital. The round also had participation from SEA Capital and Vibe Capital. Investors such as Andreessen Horowitz general partner Andrew Chen, Razorpay founders Harshil Mathur and Shashank [...]
WayCool raises USD 117 million from LightRock, IFC, others
New Delhi, Jan 13 (PTI) Agri-commerce firm WayCool Foods has raised USD 117 million (about Rs 864 crore) from investors to strengthen its technology and future growth.The company said that the fund has been raised in series D round which saw participation from new and existing investors such as LightRock, LightBox, FMO, Lightsmith, World Bank Group's- [...]
Luxembourg-based B Medical Systems inaugurates its first Indian facility in Gujarat
Ahmedabad, Jan 13 (PTI) Luxembourg-based global medical cold chain solutions provider, B Medical Systems has inaugurated its first Indian manufacturing facility at Mundra in Gujarat, set up at an investment of Rs 100 crore. The new facility has an annual production capacity of 1,00,000 units of medical cold chain products such as vaccine refrigerators, freezers, [...]
Delivery executive’s death: Wife to be provided job, insurance, other support, says Zomato CEO
New Delhi, Jan 13 (PTI) Online food delivery platform Zomato on Thursday said it will provide a job to Sucheta Tripathi, wife of its delivery partner Salil Tripathi who died in a road accident last week, and an insurance grant of Rs 10 lakh, besides its employees contributing Rs 12 lakh towards the family's future. [...]
French court orders freezing of Indian property on Devas’ plea
New Delhi, Jan 13 (PTI) A French court has ordered freezing of an Indian government property in Paris on a plea by Devas shareholders who are seeking to enforce a USD 1.3 billion arbitration award over a cancelled satellite contract, according to the court order copy. The court allowed Devas shareholders to register a "Hypotheque [...]
Gold climbs Rs 119; silver jumps Rs 745
New Delhi, Jan 13 (PTI) Gold price in the national capital on Thursday jumped Rs 119 to Rs 46,919 per 10 grams, reflecting a rally in international precious metal prices, according to HDFC Securities.In the previous trade, the precious metal settled at Rs 46,800 per 10 gram.Silver also moved up by Rs 745 to Rs [...]
TVS Motor Company Accelerates Electrification in the Commercial Mobility Segment; Signs MoU with Swiggy
TVS Motor Company announced a strategic partnership with Swiggy to enable the adoption of EVs in Swiggy’s delivery fleet.Swiggy has been pioneering the need for greater EV adoption, with a commitment to make deliveries spanning 8,00,000 kilometres per day through EVs by 2025.TVS’ electric scooter iQube is presently available in 33 cities, including Delhi, Bangalore, [...]
Copper futures decline on tepid spot demand
New Delhi, Jan 13 (PTI) Copper prices on Thursday fell 0.45 per cent to Rs 752.75 per kg in the futures trade, as participants trimmed their bets amid a weak trend in the domestic market. On the Multi Commodity Exchange, copper for delivery in January was trading lower by Rs 3.40, or 0.45 per cent, [...]
Nickel futures rise on firm spot demand
New Delhi, Jan 13 (PTI) Nickel prices on Thursday rose 0.21 per cent to Rs 1,620.40 per kg in the futures trade as speculators built up fresh positions amid rising demand from alloy makers in the spot market. On the Multi Commodity Exchange, nickel contracts for the January delivery gained Rs 3.40, or 0.21 per [...]
Zinc futures slip on muted demand
New Delhi, Jan 13 (PTI) Zinc prices on Thursday fell 0.17 per cent to Rs 288.55 per kg in the futures trade, as speculators reduced their exposure on negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for the January delivery traded lower by 50 paise, or 0.17 per cent, to [...]
Crude oil futures dip on weak demand
New Delhi, Jan 13 (PTI) Crude oil prices on Thursday fell Rs 6 to Rs 6,107 per barrel after participants cut their positions.On the Multi Commodity Exchange, crude oil for the January delivery dropped by Rs 6, or 0.1 per cent, to Rs 6107 per barrel with a business volume of 9,625 lots.Analysts said the [...]
Silver futures rise by Rs 60 per kg
New Delhi, Jan 13 (PTI) Silver prices on Thursday rose Rs 60 to Rs 61,916 per kg in the futures trade as participants widened their bets following firm spot demand.On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 60, or 0.1 per cent, to Rs 61,916 per kg in 12,633 lots.Analysts said [...]
Gold futures gain on spot demand
New Delhi, Jan 13 (PTI) Gold prices on Thursday rose Rs 7 to Rs 47,815 per 10 grams in the futures trade as speculators created fresh positions amid a firm spot demand.On the Multi Commodity Exchange, gold contracts for the February delivery traded higher by Rs 7, or 0.01 per cent, to Rs 47,815 per [...]
TVS Motor joins hands with Swiggy to strengthen electric commercial mobility segment
New Delhi, Jan 13 (PTI) TVS Motor Company on Thursday said it has inked a pact with leading on-demand delivery platform Swiggy to bolster the electric commercial mobility segment. The partnership highlights TVS Motor Company's commitment to strengthen electrification across diverse mobility segments and align with Swiggy's many efforts to enable the adoption of EVs [...]
PRICES MUM GENERAL OPEN
MUMBAI, JAN 13 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 61729.00 STANDARD GOLD (99.5) : 47887.00 PURE GOLD (99.9) : 48080.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 61100.00 RS. PER KG.SILVER RDY.(PORTION) : 61200.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48550.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46050.00 RS. PER [...]
SLUG: DIRECT EXCHANGE RATES SBI
BCM ESPL/ECO/COM MUMBAI, JAN 13 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE ) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 73.15 74.65 73.09 74.80 EUR/INR 83.17 86 83 86.17 82.35 GBP/INR 99.74 102.94 99.66 103.15 JPY/INR [...]
MUMBAI, JAN 13, (PTI) Money Market Operations as on JAN 12 2021
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 5,10,443.16 3.40 1.00-3.65 I. Call Money 9,146.28 3.33 2.10-3.55 II. Triparty Repo 3,97,940.35 3.39 3.00-3.52 III. Market Repo 1,03,356.53 3.47 1.00-3.65 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 151.61 [...]
RBI approves appointment of Ittira Davis as MD & CEO of Ujjivan SFB
Mumbai, Jan 13 (PTI) Ujjivan Small Finance Bank on Thursday said it has received the approval of the Reserve Bank of India (RBI) for the appointment of Ittira Davis as its Managing Director & CEO for a period of one year. Davis has been associated with Ujjivan since March 2015. He has over 40 years [...]
Icra revises downwards revenue growth forecast for auto component industry this fiscal
New Delhi, Jan 13 (PTI) Rating agency Icra on Thursday revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 per cent, citing the impact of the Omicron wave, delayed recovery in semiconductors shortage and muted two-wheelers demand.It, however, said despite the potential Omicron impact, the domestic aftermarket [...]
RSP supplies 2.9 lakh tonne of steel to Kaleshwaram irrigation project in Telangana
Rourkela, Jan 13 (PTI) Rourkela Steel Plant, a unit of SAIL, has supplied 2.9 lakh tonne of special grade steel to a mega lift irrigation project in Telangana, a company statement said on Thursday. Authorities of the Odisha-based plant have been making efforts to fulfil requirements of customised steel products for high-profile infrastructure projects in [...]
About 2 bn units of RE procured through power exchanges for aluminium smelter : Vedanta
New Delhi, Jan 13 (PTI) Vedanta on Thursday said it has procured about 2 billion units of renewable energy through power exchanges for its aluminium smelter located in Jharsuguda, Odisha. Vedanta Aluminium's business has become the largest industrial consumer of renewable energy in 2021, leading renewable energy procurement on India's power exchanges– Indian Energy Exchange [...]
Soybean futures slip on muted demand
New Delhi, Jan 13 (PTI) Soybean prices on Thursday fell by Rs 48 to Rs 6,325 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery declined by Rs 48, or 0.75 per cent, to Rs 6,325 per quintal with an open [...]
Refined soya oil futures fall on low demand
New Delhi, Jan 13 (PTI) Refined soya oil prices on Thursday fell by 70 paise to Rs 1,196 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.On the National Commodity and Derivatives Exchange, refined soya oil for delivery in January declined by 70 paise, or 0.06 per cent, [...]
Guar seed futures decline on low demand
New Delhi, Jan 13 (PTI) Guar seed prices on Thursday fell by Rs 27 to Rs 6,390 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery was trading down by Rs 27, or 0.42 per cent, at Rs 6,390 per 10 quintal with an open interest [...]
Yezdi makes a comeback; Classic Legends drives in three bikes priced up to Rs 2.09 lakh
Mumbai, Jan 13 (PTI) Classic Legends on Thursday re-launched the iconic motorcycle brand Yezdi in the country with the roll out of three models, priced between Rs 1.98 lakh and Rs 2.09 lakh (ex-showroom Delhi). The company launched three distinct models -- Yezdi Roadster at a starting price of Rs 1.98 lakh, Scrambler at Rs [...]
An expansionary Budget for the Real Estate to firm up: Colliers
MUMBAI, India, Jan. 13, 2022 /PRNewswire/ -- The first advance estimates of the government projects India's GDP to grow at 9.2% in 2021-22 after a steep contraction of 7.3% in FY 21. While the economy is recouping its losses from Covid-19 with encouraging growth across manufacturing, mining, construction and services sectors, the impact and intensity [...]
Guar gum futures fall on low demand
New Delhi, Jan 13 (PTI) Guar gum prices on Thursday fell Rs 44 to Rs 11,700 per five quintal in futures market as traders offloaded their holdings in line with weak trend in spot market.On the National Commodity and Derivatives Exchange, guar gum for January delivery declined by Rs 44, or 0.37 per cent, to [...]
Over Rs 1.54 lakh crore I-T refunds issued till Jan 10
New Delhi, Jan 13 (PTI) The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal. This includes 1.20 crore refunds of Assessment Year 2021-22 (fiscal ended March 31, 2021), amounting to Rs 23,406.28 crore. "CBDT issues refunds of [...]
Coriander futures rise on spot demand
New Delhi, Jan 13 (PTI) Coriander prices on Thursday rose Rs 112 to Rs 9,860 per quintal in futures trade as speculators widened their holdings tracking firm trend in spot market.On the National Commodity and Derivatives Exchange, coriander for January delivery gained Rs 112, or 1.15 per cent, to Rs 9,860 per quintal with an [...]
Toshiba Achieves World’s First Demonstration of Substantial Improvements in HDD Recording Performance with Microwave Assisted Switching – Microwave Assisted Magnetic Recording (MAS-MAMR)
- Aiming for Early Commercialization of Large-Capacity Nearline HDDs of over 30TB - TOKYO, Jan. 13, 2022 /PRNewswire/ -- Toshiba Group ("Toshiba") has announced on December 27th, 2021, the world's first demonstration[1] of HDD recording performance improvement with Microwave Assisted Switching-Microwave Assisted Magnetic Recording (MAS-MAMR), a next-generation magnetic recording technology. The demonstration confirms that the [...]
Cottonseed oil cake futures fall on soft demand
New Delhi, Jan 13 (PTI) Cottonseed oil cake prices on Thursday declined by Re 1 to Rs 3,355 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market.Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.On the [...]
MIT Centre for Future Skills Excellence celebrates National Youth Day with the Valedictory Ceremony of Hands-on Training on Data Science
PUNE, India, Jan. 13, 2022 /PRNewswire/ -- MIT Centre for Future Skills Excellence (MIT FuSE), MIT Art, Design and Technology University celebrated the National Youth Day with the Valedictory Ceremony of its exclusive 30-hours Data Science Training. This training was curated especially for the Students of MIT Institute of Design. It was a sincere attempt [...]
Edutech startup Lead joins unicorn club, nets USD 100 mn from WestBridge, GSV, Elevar
Mumbai, Jan 13 (PTI) School education startup Lead has become the second unicorn this year with a valuation of USD 1.1 billion after USD 100 million (about Rs 740 crore) funding by Westbridge Capital, GSV Ventures and Elevar Equity.Lead has tied up with 5,000 schools across 500 towns/cities and expects to make an annual revenue [...]
LEAD, India’s largest School EdTech major, becomes first ‘EdTech Unicorn’ of 2022 after raising $100 mn
~Funding led by WestBridge Capital and GSV Ventures, values firm at $1.1 billion~ MUMBAI, India, Jan. 13, 2022 /PRNewswire/ -- LEAD, India's largest School EdTech player, has raised US $100 million at a valuation of $1.1 billion to continue its mission of transforming schools in India. This funding creates history on several fronts • Makes [...]
Durex supported Condom Alliance partners with MASH Project Foundation to address the importance of intimate Well-being
• Durex has been supporting Adolescent, Sexual and Reproductive Health (ASRH) through its flagship 'The Birds and Bees Talk Program' in Seven North Eastern States • Launches 'Break The Wall'- a specially curated summit on Safe Sex on National Youth Day • Launches 'ConSenSuality', an initiative focused on educating the youth on their rights and [...]
IIM-K LIVE, Indian Bank ink MoU
Kozhikode (Ker), Jan 13 (PTI): The Indian Institute of Management - Kozhikode's Business incubator 'Laboratory for Innovation Venturing and Entrepreneurship' (LIVE) and Indian Bank signed a game-changing Memorandum of Understanding (MoU) here on Thursday. The inked agreement launched a startup funding scheme, 'IndSpring Board', to support early stage start-ups by providing loans up to Rs [...]
NCLAT issues notices to CCI, Future Coupons over Amazon’s plea challenging CCI order
New Delhi, Jan 13 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Thursday issued notices over the petition filed by e-commerce major Amazon, challenging a recent order passed by the fair trade regulator CCI that suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). The appellate tribunal has directed the [...]
KOLKATA BULLION OPENING
Kolkata, Jan.13(PTI): SILVER RDY.(BAR) : Rs.61,100.00 Per Kg.SILVER RDY.(PORTION) : Rs.61,200.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,550.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,050.00 Per 10 Gms.HALLMARKED GOLD(22-CT) RDY. : Rs.46,750.00 Per 10 Gms. ---- PTI SAM
Yes Mutual Fund rechristened as White Oak Capital Mutual Fund
New Delhi, Jan 13 (PTI) Yes Asset Management's name has been changed to White Oak Capital Asset Management with effect from January 12.Further, Yes Mutual Fund will now be called White Oak Capital Mutual Fund, Aashish P Sommaiyaa, Chief Executive Officer of White Oak Capital, announced in a tweet on Thursday.He, further, said: "WhiteOakCap has [...]
NEWSALERT
NCLAT issues notices to CCI and Future Coupons over Amazon's plea challenging CCI order. PTI KRH DRR DRR
Cairn Oil & Gas Wins Sustainability 4.0 Award 2021 by Frost & Sullivan and TERI
New Delhi, Delhi, India – Business Wire India • Cairn has been named winner of the ‘Leaders Award’ and emerged as ‘Sustainability Front Runners Companies’ under the ‘Mega large business’ category • The company also received certifications under the Jury Special Mention Award category for its case studies on “Utilization of Associated Natural Gas for [...]
The West Midlands Makes Its Mark With Commonwealth Artwork Reveal in India
New Delhi, India – Business Wire India A unique artistic collaboration powered by people of the Commonwealth has today been unveiled for the first time in Delhi, India. Dubbed the ‘Relaytionship’, the artwork has been launched by the Business and Tourism Programme and is a fluid and dynamic piece of digital art, evolving and growing [...]
Hurt religious sentiments among major triggers for ads found ‘offending’ in last 3 years: ASCI
Mumbai, Jan 13 (PTI) A feeling of there being a conspiracy against their faith within people about "hurting religious sentiments" was among the major triggers for complaints against advertisements in the last three years, according to a study by ASCI, the self-regulating body for the industry.Campaigns deemed to be "crossing cultural boundaries" by mocking what [...]
Sanjay Ghodawat University receives ‘University for Social Contribution Award’ by Indian Society For Technical Education
KOLHAPUR, India, Jan. 13, 2022 /PRNewswire/ -- In the recently released Indian Society for Technical Education (ISTE) Awards for the Universities and Education Institutes across the Nation, Sanjay Ghodawat University (SGU) received the prestigious, 'University for Social Contribution Award, 2020'. This was announced on 28th September, 2021 by the ISTE, New Delhi. SGU has always [...]
Sanjay Ghodawat University receives a grant of 2 crores from the British Council
KOLHAPUR, India, Jan. 13, 2022 /PRNewswire/ -- Noted for achieving academic excellence throughout the country, Sanjay Ghodawat University received a grant of 2 Crores from the British Council for promoting Disaster Management Recovery in partnership with the Teesside University in the UK. At the Approval of the 'Going Global Partnership' by the British Council, it [...]
TCS shares jump over 2 pc after Q3 earnings
New Delhi, Jan 13 (PTI) Shares of Tata Consultancy Services (TCS) on Thursday gained over 2 per cent after the firm reported a 12.2 per cent jump in December quarter net profit on handsome revenue growth, and guided towards maintaining the same momentum going forward. The stock gained 2.25 per cent to Rs 3,944.40 at [...]
Assam govt to procure unsold traditional handloom items from weavers
Guwahati, Jan 13 (PTI) The Assam government will procure unsold traditional handloom items from weavers to help them overcome COVID-19 challenges, an official statement said. The procurement will be done under the "Swanirbhar Naari" (Self-reliant Women) scheme, and around 1.23 lakh weavers will be covered in the first phase, it said. The decision was taken [...]
Elon Musk: Working through a lot of challenges with Indian government
New Delhi, Jan 13 (PTI) US-based Tesla is working through a lot of challenges with the government to launch its products in India, the electric car major's founder and CEO Elon Musk said on Thursday. Responding to a tweet on the company's plans to launch its products in India, Musk tweeted: "Still working through a [...]
Rupee trades in narrow range in early session against US dollar
Mumbai, Jan 13 (PTI) The Indian rupee was trading in a narrow range in morning trade on Thursday as muted domestic equities and weak domestic macroeconomic data weighed on investor sentiments.Forex traders said elevated crude oil prices also affected the appreciating bias in the local unit.At the interbank foreign exchange, the rupee opened at 73.91 [...]
Graphcore® Opens India Office to Accelerate Uptake of Advanced AI Compute
Former Cray exec Sudhakar Yerneni to lead operations Pune, Maharashtra, India (NewsVoir) AI compute systems maker Graphcore announces the opening of its first office in India, under the leadership of former Cray executive Sudhakar Yerneni. Based in Pune, Sudhakar and a growing team of sales and technical support staff will work with customers and partners [...]
Electro-offensive and Number One in Premium Segment: BMW Group Posts Strong Sales for 2021
Gurugram, Haryana, India&Munich, Germany – Business Wire India The BMW Group posted solid year-on-year sales growth of 8.4 percent last year, with a total of 2,521,525 BMW, MINI and Rolls-Royce vehicles delivered to customers worldwide. BMW sales reached a new all-time high of 2,213,795 units (+9.1%) last year, with the brand leading the global premium [...]
Russell Reynolds Associates Hires Harpuneet Singh
MUMBAI, India, Jan. 13, 2022 /PRNewswire/ -- Russell Reynolds Associates, a global leadership advisory and search firm, today announced that Harpuneet Singh, has joined the firm as a core member of our global Financial Services Sector. Based in Mumbai, Harpuneet has over two decades of leadership advisory experience across professional services and investment banking. Sachin [...]
Business schedule for Thursday, Jan 13
Business schedule for Thursday, Jan 13 DELHI: * Yezdi Motorcycles launch (1130 hrs) MUMBAI: * No major event listed. PTI BAL BAL
Sensex rises 100 pts in early trade; Nifty tops 18,200
Mumbai, Jan 13 (PTI) Equity benchmark Sensex climbed nearly 100 points in opening trade on Thursday, tracking gains in index-heavyweights Infosys, TCS and Maruti. Encouraging earnings reports by software majors TCS and Infosys supported the domestic equities. However, weak macroeconomic data restricted the appreciating bias to some extent, traders said. The BSE index, while battling [...]
FlowerAura Introduces Special Assortment of Valentines Gifts 2022
GURGAON, India, Jan. 13, 2022 /PRNewswire/ -- Innumerable Valentine gifts with theme detailed work, speedy delivery options, customisations, excellent customer care support and hassle-free user experience are up for grabs on Valentine's week at FlowerAura. From personalised Valentine-themed novelty couple gifts to special Valentine day flowers, this is a collection that declares true love. The [...]
Adani Group & POSCO signs pact to set up Steel plant in Gujarat
New Delhi, Jan 13 (PTI) Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea's POSCO to explore business opportunities in sectors like steel, renewable energy among others. Both the entities have signed a memorandum of understanding (MoU) to this effect. In a statement on Thursday, Adani Group said the investment under the [...]
NEWSALERT
POSCO, Adani Group ink pact to explore opportunities for greenfield steel project in Gujarat, other businesses by investing up to USD 5 bn. PTI ABI DRR DRR
Letter of Intent on CEL privatisation put on hold
New Delhi, Jan 12 (PTI) The government has put on hold the LoI for privatisation of Central Electronics Ltd (CEL) and an inter-ministerial group is examining certain allegations, a top official said Wednesday.The valuation of CEL has been done by two different sets of advisors -- transaction advisor and asset valuer as per prescribed valuation [...]
Govt puts brakes on CEL privatisation after employees union approaches court
New Delhi, Jan 12 (PTI) The government has put on hold the privatisation of Central Electronics Ltd (CEL) after the employees union approached the court against the sale of the company to a little-known firm, a top official said Wednesday.The Letter of Intent (LoI) for sale of 100 per cent government shareholding in CEL to [...]
InvaGen to continue to hold shares in Avenue Therapeutics: Cipla
New Delhi, Jan 12 (PTI) Drug major Cipla on Wednesday said its subsidiary InvaGen Pharmaceuticals will continue to hold shares in US-based Avenue Therapeutics despite termination of the stock purchase and merger agreement they inked in 2018. In November 2018, Cipla had announced that InvaGen Pharmaceuticals Inc has entered into definitive agreements to acquire US-based [...]
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